Tag Archives: New Business


The S Corporation — 60 Second Business Tip

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An S Corporation is a tax election made with the IRS that allows a business to be taxed like a sole proprietor or partnership. It’s often referred to as a ‘pass-through’ entity since the corporate profits and losses are passed through and reported on the personal income tax returns of its shareholders. Taking the S […]

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Expanding Your Home Based Business — 60 Second Business Tip

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Running a home based business has numerous advantages for many business models, and for businesses of different ages. But how do you make a seamless and cost effective transition from a home based business to a professional office space? If you are considering a commercial property lease, make sure you have a clear sense of […]

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Basic Bookkeeping — 60 Second Business Tip

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To succeed in business, one of your most important tools is financial analysis, based on your business records. Accurate financial records will help you answer some very important questions. Are you making money, or losing it? How much? Is your business on sound financial ground, or are troubles lurking ahead? A sound bookkeeping system is […]

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Why Entrepreneurs Should Plan for Failure, Not Success

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Starting three companies — two of which didn’t take off the way I envisioned — taught me that while entrepreneurs should dream big, it’s essential that we also plan for failure. More than 90 percent of startups fail. And recognizing this right off the bat will prepare you intellectually, emotionally and financially, if your venture […]

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Creating a Home Office — 60 Second Business Tip

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A decision to work in your home is likely to impact both your personal life and your business. Even if you carefully separate the business areas of your home from the residential portions, the existence of the home office can create conflicts that you wouldn’t face in an office located away from your home. Is […]

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